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Determine the return on assets

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Reference no: EM132975719

Question - Use the information provided to analyze the profitability of SDHS Co using the following ratios: return on assets

Sales $350,000

Gross profit 206,500

Net income 115,000

Interest expense 2,875

Average total assets 875,000

Average total shareholders' equity 500,000

Weighted-average common shares outstanding 25,000

Required - Determine the return on assets?

Reference no: EM132975719

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